BOGOTA, Colombia, Feb. 8, 2021 /PRNewswire/ — Ecopetrol S.A. (BVC: ECOPETROLNYSE: EC), pursuant to the provisions set forth in Posting 220.127.116.11.6 – Decree 2555/2010, does hereby verify the details posted in numerous media stores that past February 5, 2021, been given a published conversation issued by the Ministry of Finance and General public Credit score, whom, amongst other issues, declared that:
- They agree to sign an exclusivity deal with Ecopetrol pursuant to which, throughout the initial half of 2021, Ecopetrol will be essential to consummate the bid it submitted on January 27, 2021 to obtain 51.4% of the superb shares of ISA below an Inter-Administrative Deal.
- They reserve the proper to propose changes to the selling price selection matter to the effects of the appraisal and because of diligence procedures that it undertakes in parallel to Ecopetrol.
Ecopetrol is Colombia’s premier organization and is an integrated oil company that is between the 50 biggest in the earth and the 4 largest in Latin America. In addition to Colombia, exactly where it generates about 60% of the country’s production, it is lively in exploration and output in Brazil, Peru and the United States (Gulf of Mexico). Ecopetrol operates the biggest refinery in Colombia, most of the country’s oil-pipeline and polyduct community and is drastically expanding its share of bio-fuels. This press release consists of statements relating to business enterprise potential clients, estimates of running and economical benefits, and Ecopetrol’s growth prospective buyers. All are projections, and consequently are based solely on management’s expectations of the company’s future and its continuous entry to money to finance its income prepare. Achieving these estimates in the long term depends on its effectiveness below offered sector ailments, polices, competitors, the functionality of the Colombian financial system and market, and other aspects consequently, they are subject matter to improve without having prior detect.
For additional aspects, you should speak to:
Head of Funds Markets
Juan Pablo Crane
E-mail: [email protected]
Media Engagement (Colombia)
Jorge Mauricio Tellez
Cellphone: + 571-234-4329
Email: [email protected]
Supply Ecopetrol S.A.